Biggest item is the effect of the newest OR rent control law passed by the Legislature. Interest rates and strength of the rental market in Portland (especially for new construction) are the biggest threats/motivators.

I should have a 2013-2018 Portland Apartment Market History by mid-Mar 19. If you’d like more information on 2012-2017 Portland Apartment Market history. Is posted at:

If you like numbers, you’ll find this recap of the market for the past 5 years of interest. You can eMail me for a copy also.

– Free financial analysis of your property, eMail/call me for a SAMPLE report. It will be helpful if you’re making decisions about futures or operations and includes I&E comparison to neighboring properties along with recent sales and rent comparables.

Including all sales, we are at a run rate of $2.4B in annual sales rate (vs. $1.7B for 2017 and $2.95B for 2016). Interest rates and strength of the rental market in Portland (especially for new construction) are the biggest threats/motivators.

If you’d like more information on 2012-2017 Portland Apartment Market history. Is posted at:

If you like numbers, you’ll find this recap of the market for the past 5 years of interest. You can eMail me for a copy also.

– Free financial analysis of your property, eMail/call me for a SAMPLE report. It will be helpful if you’re making decisions about futures or operations and includes I&E comparison to neighboring properties along with recent sales and rent comparables.

We had a stronger month vs. Aug 17 due to several large sales. Including all sales, we are at a run rate of $2.0B in annual sales rate (vs. $1.7B for 2017 and $2.95B for 2016). Interest rates and strength of the rental market in Portland (especially for new construction) are the biggest threats.

If you like numbers, you’ll find this recap of the market for the past 5 years of interest. You can eMail me for a copy also.

– Free financial analysis of your property, eMail/call me for a SAMPLE report. It will be helpful if you’re making decisions about futures or operations and includes I&E comparison to neighboring properties along with recent sales and rent comparables.

– Details/background on individual sales in the report or a breakdown by neighborhood

$/unit July 18 YTD = $189K is a 13% INCREASE over July 17 YTD = $167K.

$/SqFt July 18 YTD = $222.62 is a 15% INCREASE over July 17 YTD = $194.15

BESIDES TWO LARGE SALES – We had a weak month vs. July 17. Without these, we’d be at $61M gross sales for July 18. Including all sales, we are at a run rate of $1.8B in annual sales rate (vs. $1.7B for 2017 and $2.95B for 2016). Interest rates and strength of the rental market in Portland (especially for new construction) are the biggest threats.

The $206M sale will probably be about 11-12% of total year gross sales for 2018.

If you like numbers, you’ll find this recap of the market for the past 5 years of interest. You can eMail me for a copy also.

– Free financial analysis of your property, eMail/call me for a SAMPLE report. It will be helpful if you’re making decisions about futures or operations and includes I&E comparison to neighboring properties along with recent sales and rent comparables.

– Details/background on individual sales in the report or a breakdown by neighborhood

Tabulation of Largest Sales by $/unit, $/SqFt. Gross $, County and 2012-2017 Largest sales.

If you’d like more information on:

– Free financial analysis of your property, eMail/call me for a SAMPLE report. It will be very helpful if you’re making decisions about futures or operations and includes I&E comparison to neighboring properties along with recent sales and rent comparables.

– Details/background on individual sales in the report or a breakdown by neighborhood

YOUR PROPERTY – If you’d like a further breakdown on how in-demand your neighborhood is call. Be aware of the current value of your apartment with unsolicited offers. We offer valuations that include expense analysis with rent and sales comparables to back up any pricing.

Attached is a list of individual Portland-area sales of apartment complexes greater than $450,000 in January 2015. Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to Dec 2013 averages.

January 2015 and January 2014 showed a new year’s burst of activity.

The total dollar volume was $164M (Jan 15) vs. $108M (Jan 14). Jan 15 had TWO large (>100 units) sales and Jan 14 had TWO large sales.

Here are a few projections/trends for 2015 to consider:

2014 Total sales $ is the best year ($1.49B thru 31 Dec 14) ever in the Portland METRO

The rent market continues to be strong, but new inventory is coming on line fast in the high-end

CapRate is only reported and may or may not be actual.

There are few listings that are well-priced and a lot of deals are being done “off-market”. If you are thinking of selling in the next two years, ask us for a valuation with comp sales and financial analysis – A seller’s market is the best time to sell.

2015 returns will be driven by interest rates and operating dynamics (including vacancy rates in higher end, new construction and expenses growing faster than rents.)

If you’d like an early notice of our 5 year (2009-2014) review of the Portland apartment market, let me know and I’ll send an early copy – It should be done first part of March 2015. If you’d like last years report (2008-2013), I can send a copy now.

Attached is a list of individual Portland-area sales of apartment complexes greater than $450,000 for January-June 2014. Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to 2009-2014 averages and a 2014 projection.

There is a lack of inventory which means buyers are driving prices. However, most likely any market change will be related to an interest rate rise.

Clark county has had a large drop in sales from 2013 so far. However, 2013 had several large sales.

Clackamas county should have a large jump in sales due to several large sales near Clackamas Town Center.

Multnomah county took a large jump in $/unit average pricing so far in 2014, this is driven by one large sale at $450K/unit.

$/sqft and CapRates have remained constant. However, CapRates are REPORTED and not available in all cases. Prime properties in prime locations are <5% CapRates

While total transaction dollars are probably going to equal 2013 (as of now), total transaction count and total individual units project down from 2013.

We will be posting in the near future:

– A XLS with new apartment construction from 2013 thru estimated 2016 with addresses